Jupiter Wagons gallops on Rs 1,140 crore railway wagon order
Mumbai, Oct. 29 -- These open-top freight wagons are used to transport bulk commodities such as coal and iron ore.
The order reflects the company's continued participation in Indian Railways' wagon procurement programme. Jupiter Wagons said its private sector order book also remained strong, supported by demand from private freight operators, wagon leasing companies and core sector customers.
The company expects incremental order inflows of approximately Rs 2,000 crore in Q4 FY27. The near-term demand outlook has also received support from a recent Ministry of Railways tender for the procurement of 5,800 BOBRN wagons, another type of freight wagon.
Managing director Vivek Lohia said the order reflected the Ministry's confidence in the ...
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